INTERNSHIP REPORT

Bachelor of Management Studies

Semester V
Submitted
In Partial Fulfilment of the requirements
For the Award of Degree of
Bachelor of Management Studies
By
AKANKSHA AJIT SAWANT
4345

MAHATMA EDUCATION SOCIETYS

PILLAI COLLEGE OF ARTS, COMMERCE AND SCIENCE,
SECTOR-16, NEW PANVEL - 410206

DECLARATION

I, AKANKSHA AJIT SAWANT the student of T.Y.B.S. Semester V(20162017) hereby declare that I have completed the internship report.
The information submitted is true and original to the best of my knowledge.

AKANKSHA AJIT SAWANT

4345

MAHATMA EDUCATION SOCIETYS

PILLAI COLLEGE OF ARTS, COMMERCE AND SCIENCE,
SECTOR-16, NEW PANVEL - 410206

MAHATMA EDUCATION SOCIETYS

PILLAI COLLEGE OF ARTS, COMMERCE AND SCIENCE,
SECTOR-16, NEW PANVEL 410206

CERTIFICATE

This is to certify that Ms. AKANKSHA AJIT SAWANT, Roll no.4345 of

Third Year B.M.S, Semester V(2016-2017) has successfully completed the
internship report under the guidance of

Course Coordinator

_____________________________
Project Guide/Internal Examiner

_________________
External Examiner

___________
Principal

ACKNOWLEDGEMENT

To list who all have helped me is difficult because they are so numerous and the depth is so
enormous.
I would like to acknowledge the following as being idealistic channels and fresh dimensions
in the completion of this project.
I take this opportunity to thank the university of Mumbai for giving me chance to do this
project.
I would like to thank my principal, _____________ for providing the necessary facilities
required for completion of this project.
I take this opportunity to thank our coordinator ______________,for her moral support and
guidance.
I would also like to express my sincere gratitude towards my project guide_____________
whose guidance and care made the project successful.
Lastly , I would like to thank each and every person who directly or indirectly helped me in
the completion of this project especially my parents and peers who supported me throughout
my project.

Sr. No

Name of the topic

1. ORGANIZATION

Page no

INTRODUCTION
Vedant Clearing And Forwarding is a Private Limited company.
It was registered on 01 January,2015 at Registrar of Companies in Mumbai.
It is currently an Indian Non-Government Company with category of Company limited by
shares and Unlisted type.
Its authorized capital is Rs 100,000 and paid-up capital is Rs 100,000.
Its directors are Mahesh Krishna Minde and Ganesh Krishna Minde.
This company got next identification number: U63090MH2015PTC260555, and registration
code: 260555 is also included.

Vedant Clearing And Forwarding Pvt. Ltd. is a fast moving and forward thinking company
offering global logistics services and global logistics solutions from/to India. We offer our
valuable customers fast, reliable and cost effective logistics services, customized to their
specific requirements. At Vedant Clearing, We offer complete range of services like storage,
transportation, distribution and cold chain enabled solutions to our customers.
The industry verticals serviced by our logistics services are FMCG, Auto components, Retail
& Foods businesses. In addition to our experience with the automotive, Agro, chemical, hightech and food industries, we have dedicated industry vertical teams located throughout our
network who are focused on retail & fashion, oil & energy, aviation & aerospace, and
healthcare. These industry experts concentrate on three key areas; product and service,
training, and sales support. All our employees are experienced in all aspects of logistic
processes, have hands on management with global port knowledge and the desire to build a
long lasting service relation.

Vision
To be the global leader in logistics by providing outstanding logistics solution with
dedication, passion and focusing customer satisfaction.

Mission
We are committed to provide innovative logistics solution globally and to do so with
enthusiasm, Integrity, economically and ethically.

i.

Why it was selected

Vedant Clearing And Forwarding Pvt. Ltd is a start-up incorporated in the year
2015 .Working at a start-up probably means you're part of a small team, most likely in the
single digits.

Have Real Responsibilities

At an early-stage start-up, time is valuable, and every team member is criticalincluding

interns. This means that youll be working on projects that directly impact users, and
probably immediately.

Learn About How Companies Work

As an intern for a large company, exposure is often limited to the small portion that youre
working on directly. With hundreds of interns and thousands of employees, theres no way to
effectively expose yourself to all aspects of the business. Being part of a small team means
that youll naturally be around every part of the company

Being an innovator

Big companies often come with their own auto-timed, full-proof ways of working. And on the
contrary, innovations are literally engraved on the walls of a startup. Many a times, you will
find yourself creating and innovating creative aspects of the company, adding to its growth.
You will be asked to do things that you have never done before, even without the slightest
training. Very rarely do you get such leverage in a big company.
The key difference between a start-up and an established organisation is that, in a start-up
people actually rely on your output and value your efforts. You will find yourself making
mistakes and learning much more from it.

ii.

Work culture

Work culture is a concept which deals in the study of:

Beliefs, thought processes, attitudes of the employees.

Ideologies and principles of the organization.

It is the work culture which decides the way employees interact with each other and how an
organization functions.

work culture refers to the mentality of the employees which further decides the ambience of
the organization.
Characteristics of a Healthy work Culture

A healthy work culture leads to satisfied employees and an increased

productivity.

Employees must be cordial with each other. One must respect his fellow worker.
Backbiting is considered strictly unprofessional and must be avoided for a healthy
work culture. One gains nothing out of conflicts and nasty politics at work.

Each employee should be treated as one. Partiality leads to demotivated employees

and eventually an unhealthy work culture. Employees should be judged only by their
work and nothing else. Personal relationships should take a backseat at the workplace.
Dont favour anyone just because he is your relative or friend.

Appreciating the top performers is important. Praise the employees to expect good
work from them every time. Give them a pat on their back. Let them feel
indispensable for their organization. Dont criticize the ones who have not performed
well, instead ask them to pull up their socks for the next time. Give them one more
opportunity rather than firing them immediately.

Encourage discussions at the workplace. Employees must discuss issues among

themselves to reach to better conclusions. Each one should have the liberty to express
his views. The team leaders and managers must interact with the subordinates
frequently. Transparency is essential at all levels for better relationships among
employees and a healthy work culture. Manipulating information and data tampering
is a strict no at the workplace. Let information flow in its desired form.

Organization must have employee friendly policies and practical guidelines.

Expecting an employee to work till late night on his birthday is simply impractical.
Rules and regulations should be made to benefit the employees. Employees must
maintain the decorum of the organization. Discipline is important at the workplace.

The Hitler approach does not fit in the current scenario. Bosses should be more
like mentors to the employees. The team leaders should be a source of inspiration for
the subordinates. The superiors are expected to provide a sense of direction to the
employees and guide them whenever needed. The team members should have an easy
access to their bosss cabin.

Promote team building activities to bind the employees together. Conduct training
programs, workshops, seminars and presentations to upgrade the existing skills of the
employees. Prepare them for the tough times. They should be ready under any odd
circumstances or change in the work culture.

Vedant is formed to achieve certain goals and objectives by bringing individuals together on
a common platform and motivating them to deliver their level best. It is essential for the
employees to enjoy at the workplace for them to develop a sense of loyalty towards it.
Vedant offers a positive ambience to the employees for them to concentrate on their work
rather than interfering in each others work.
Vedant is an organizations where employees are not reluctant to follow the instructions and
are not made to work only by strict procedures.

iii.

Type of organisation

To incorporate a private limited company, a minimum of two shareholders are required. A

minimum of two shareholders and a maximum of 200 shareholders are allowed in a private
limited company. The shareholders could be natural persons or companies, including foreign
companies.
A private limited company must have a minimum of two Directors and can have up to a
maximum of fifteen Directors. Vedant currently has two directors Mr. Mahesh Krishna Minde
and Mr. Ganesh Krishna Minde.

Minimum authorized capital of Indian Rupees 100,000 is required to form a private company
in India. There is no upper limit.
Vedants authorized capital is Rs 100,000 and paid-up capital is Rs 100,000.
Vedant is a logistics firm mainly concerned with providing custom clearance and freight
forwarding services.

iv.

Organisation structure

An organizational structure defines how activities such as task allocation, coordination and
supervision are directed toward the achievement of organizational aims. It can also be
considered as the viewing glass or perspective through which individuals see their
organization and its environment.

v.

Types of services offered by organisation

a. Custom clearance
Vedant is a leading Customs Clearing Agent based in Mumbai with a lot of experience.
Updated with the custom regulations and procedures, we handle clearance of import and
export consignments by sea, air and road efficiently. Our customs clearing services include
advice to the clients in preparing documents related to import and export, preparing Invoice
for international shipping, completion of appraisement and examination of various
procedures and payments. After the formalities with customs department are completed, we
deliver the consignments to the desired destination. In order to handle the custom
departments requirements, we provide a very professional service to our clients to prepare
perfect documentation in advance & Tax related information. This is the most important part
of entire process & is handled by professionals having vast experience in working closely
with Indian Custom House and having up-to-date information of Customs Rules, Procedures
& policy-updates. Over the years, we have built a good relationship network with all
concerned departments.

Our Customs Clearing Services include

Guidance and consultancy on pre and post shipment services.
Speedy and hassle-free clearances of the cargo through Indian Customs Department
Ensures smooth functioning to deliver error-free documents
Preparing Invoice for international shipping
Drawback / DEPB and several other export benefits

b. Freight Forwarding
With no restrictions in the size and weight of the goods, we provide a full array of ocean
freight forwarding services right from door to door pick up, advance tracking technology and
managing shipping documents. Each and every single booking of ocean transport has its own
pricing depending on size, and need of the customer. Our ocean freight team will provide
round the clock service to all our customers. We move all our shipments through reliable and
trusted associates and follow each and every shipment till the destination. We have
Professionals to handle any kind of situation in dealing with shipments from / to across the
world.
With years of experience in the freight industry, Vedant Clearing And Forwarding Pvt.Ltd. are
known for offering reliable and efficient air-freight forwarding service throughout the world.
Vedant Clearing And Forwarding Pvt.Ltd. global airline partnerships to offer lowest - price,
transit time, fixed allocations and lift capacity of carriers in each major trade lane and their
ability to add efficiency to our clients supply chain management.

Where we operate
Indian Sub-continent
Middle East
Gulf
Far East
Africa
Europe

Our Services include

LCL (Less than Container Load / Loose Container Load) for the consolidated shipment
FCL (Full Container Load) of all sizes
ODC (Over Dimensional Cargo)
Break Bulk
Hazardous Cargo
Some of the salient features are
Cargo pick up from warehouse of the consignee
Export clearance at the country of origin
Export packing in-house
Documentation specialists
Safe handling of General cargo
Door-to-Door Express Products.
c. Surface Transportation
Vedant has built a reliable reputation within Indias domestic transportation market. With a
fleet of more than 200 vehicles of all types, small, medium and large, we can accommodate
all your transport requirements. Our branch network is there to assist you in every region in
India. With the help of customized vehicle tracking system, our customers can get access to
track the exact location of vehicle. It ensures timely delivery and safety. Our road
transportation services are widely appreciated by our clients and we have also received
several positive responses for our timely services. Transportation to us is going beyond
merely moving your cargo to its final destination. Time bound deliveries with standardized
schedules and product sensitive route plans is the basis of our Commitment to offer the most
flexible and viable transportation option. Your shipments may be large or small, wide or
heavy and no matter the size of your consignment, we will have the most suited
transportation solution for it.

We offer you
Hydraulic axels
Semi - Low Bed trailers
LCVs
MCVs
Fix containerized vehicles
CBT (Close Body Truck)
High Bed Trailer with double and triple axle (20 and 40 ft)
44ft Low Bed Trailer

2.learning objective

3.work done by the student-department, product handled, timing

4.department visited & her observation about those department.

5.learners experience and whether she feels those objectives have been
achieved